Bitcoin all time high price 2021, within the past few days, bitcoin has reached a new all time high of $58k. Since the new all time high, bitcoin has fallen back to $55k. Analyst speculate the price influx is linked to the purchases from big corporate institutions.
Teach companies have been doubling down their bets, causing bitcoin prices to increase. NYDIG, a bitcoin financial service, has raised over $200 million US dollars from investors such as Morgan Stanley, New York Life, and Soros Fund Management.
With the adoption of Bitcoin amongst similar institutions, this has accelerated the price of Bitcoin tremendously. One Evercore ISI strategist Rich Ross, has claimed that Bitcoin can hit the $75,000 dollar price point in the near future.
Edward Moya, a senior market analyst of Oanda, reports that Bitcoin and Ethereum bullishness is contributing to the flowing of big-money bets from financial institutions and tech companies.